Shares of iShares Short Maturity Municipal Bond Active ETF (BATS:MEAR – Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as $50.04 and last traded at $50.04, with a volume of 892 shares traded. The stock had previously closed at $50.23.
iShares Short Maturity Municipal Bond Active ETF Stock Down 0.3%
The business has a fifty day moving average price of $50.24 and a 200-day moving average price of $50.31.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in MEAR. Proficio Capital Partners LLC purchased a new position in shares of iShares Short Maturity Municipal Bond Active ETF in the second quarter worth about $25,253,000. Nwam LLC purchased a new stake in iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter valued at about $9,299,000. Highland Financial Advisors LLC grew its position in iShares Short Maturity Municipal Bond Active ETF by 3.2% during the 2nd quarter. Highland Financial Advisors LLC now owns 41,490 shares of the company’s stock worth $2,090,000 after acquiring an additional 1,272 shares during the last quarter. Redhawk Wealth Advisors Inc. bought a new position in iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter worth approximately $798,000. Finally, Professional Financial Advisors LLC bought a new position in iShares Short Maturity Municipal Bond Active ETF during the 2nd quarter worth approximately $251,000.
About iShares Short Maturity Municipal Bond Active ETF
The iShares Short Maturity Municipal Bond ETF (MEAR) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund holds a portfolio of actively managed municipal bonds and targets a weighted average portfolio maturity of 3 years or less. MEAR was launched on Mar 3, 2015 and is managed by BlackRock.
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